In this edition: How long will it take for your property to rent? Want an Extra $190 in Your Pocket Every Fort- night? Don‘t Wait all Year When Deductions Can be Claimed as You Go! Reining in Your Rental Expectations! Could Your Mortgage Be Costing You Thousands of Dollars in EXTRA Interest Payments? September 2014 Tenants‘ Water Costs – Who Pay‘s For What? A Selection of Properties Recently Leased Quote Another happy customer—Wow Moment Calendar of Events Dear Landlord, It's great that August has finally brought some rain, a relief for the thirsty earth at the same time as we're seeing some relief in certain markets. Even though the rental market is still flooded with rental properties, rental re- turns are being held at the same amount. I enjoyed a two-week break house sitting on Bribie Island (before the rain!) and was lucky enough to get out fish- ing and bring in a good catch of Tailor, Flathead and Bream! Fun, but not so exotic as Julie's week away relaxing on the beaches of Fiji. Helen Bryan, our senior prop- erty manager, is working to- wards reducing her hours due to family commitments and will start to work a 4 day week com- ing the month of September. Helen is a valued asset to our team and will continue to be heavily involved in the depart- ment while Julie will be working towards taking on more respon- sibility to allow for this change to smoothly occur. Should you have any questions about the change please do not hesitate to contact our team to discuss. As we come into spring, thoughts of spring cleaning come to mind. For those own- ers interested in discussing an update of their properties or per- haps in purchasing a second or third investment property please contact our team to see how we can assist! Best Regards, Chris McCall, Business Devel- opment Manager & the Team (Christina, Julie, Helen and Lisa) Team and market updates for spring
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In this edition: How long will it take for your property to rent? Want an Extra $190 in Your Pocket Every Fort-night? Don‘t Wait all Year When Deductions Can be Claimed as You Go! Reining in Your Rental Expectations! Could Your Mortgage Be Costing You Thousands of Dollars in EXTRA Interest Payments?
September 2014
Tenants‘ Water Costs – Who Pay‘s For What? A Selection of Properties Recently Leased Quote Another happy customer—Wow Moment Calendar of Events
Dear Landlord,
It's great that August has finally
brought some rain, a relief for
the thirsty earth at the same
time as we're seeing some relief
in certain markets. Even though
the rental market is still flooded
with rental properties, rental re-
turns are being held at the same
amount. I enjoyed a two-week
break house sitting on Bribie
Island (before the rain!) and was
lucky enough to get out fish-
ing and bring in a good catch of
T a i l o r , F l a t h e a d a n d
Bream! Fun, but not so exotic
as Julie's week away relaxing
on the beaches of Fiji.
Helen Bryan, our senior prop-
erty manager, is working to-
wards reducing her hours due to
family commitments and will
start to work a 4 day week com-
ing the month of September.
Helen is a valued asset to our
team and will continue to be
heavily involved in the depart-
ment while Julie will be working
towards taking on more respon-
sibility to allow for this change to
smoothly occur. Should you
have any questions about the
change please do not hesitate
to contact our team to discuss.
As we come into spring,
thoughts of spring cleaning
come to mind. For those own-
ers interested in discussing an
update of their properties or per-
haps in purchasing a second or
third investment property please
contact our team to see how we
can assist!
Best Regards,
Chris McCall, Business Devel-
opment Manager & the Team
(Christina, Julie, Helen and
Lisa)
Team and market updates for spring
www.propertyrentalsbrisbane.com FREE Information Guide For Landlords & Tenants
How long will it take for your property to rent?
That of course depends on the time of the year so here are the latest statistics for August
BRISBANE STATISTICS The Market
Source: rentfind.com.au
Brisbane, QLD August 2014 Annual Change
Median Weekly Rent - House $410 2.5% increase
Median Weekly Rent - Unit/Apartment
$385 1.3% increase
Days on Market (Avg) 28.5 3.1 increase
Days Vacant (Avg) 16.9 2.1 increase
Want an Extra $190 in
Your Pocket Every
Fortnight? Don’t Wait all
Year When Deductions
Can be Claimed as You
Go!
Investors often look forward to
tax time! Many of the losses
from holding a property can be
claimed back, including: inter-
pate their tax liabilities. This
means that they can take ad-
vantage of the deductions
available to them regularly,
rather than waiting until the
end of a financial year for their
tax refund.
By selecting a PAYG withhold-
ing variation, a property inves-
tor‘s expected tax refund for
the financial year is estimated.
This allows their employer to
est, rates, repairs and mainte-
nance, property management
fees and depreciation deduc-
tions.
Many investors may not real-
ise that they don‘t have to wait
all year to benefit from the de-
ductions available to them. In-
stead, they can improve their
cash flow throughout the year
simply by nominating to use a
Pay As You Go (PAYG) with-
holding variation.
Introduced in July 2000, a
PAYG withholding variation
allows individuals to vary the
amount of tax withheld by their
employer in each pay to antici-
www.propertyrentalsbrisbane.com FREE Information Guide For Landlords & Tenants
take less tax out of their wages.
The following example shows how a PAYG claim is calculated for
an investor without depreciation and how including the deprecia-
tion claim will help to further improve the investor‘s fortnightly in-
come.
The investor owns a house purchased for $532,000 and rented
for $600 per week, or $31,200 per year. Expenses for their prop-
erty including interest, rates, repairs and maintenance, property
management fees and insurance totalled $41,400. An assess-
ment of the property by BMT Tax Depreciation discovered the
investor could claim $13,354 in depreciation for the property in
the first full financial year.
ties.
It is important to note that sub-
mitting a PAYG withholding
variation does not replace a
normal tax return. A tax return
still needs to be filed at the
end of the year to calculate the
actual amount of tax liability.
Three simple steps to set up
a PAYG withholding varia-
tion
1. Contact an Accountant to
make sure that a PAYG with-
holding variation is suitable for
an individual‘s circumstances.
An Accountant will usually or-
ganise a PAYG withholding
variation by submitting esti-
mated financial information to
the Australian Taxation Office
(ATO).
2. To support a PAYG with-
holding variation, ask a spe-
cialist Quantity Surveyor to
produce a tax depreciation
schedule. This schedule will
outline all current and future
depreciation deductions for an
investment property. The
Before claiming depreciation, the investor will receive an addi-
tional $145 per fortnight in their pay by applying the PAYG with-
holding variation.
By including the depreciation claim, the investor will receive
$335, or an additional $190 in their fortnightly pay.
As can be seen in the example, a PAYG withholding variation will
provide added flexibility for a property investor. Having access to
the extra money during the year makes it easier to manage cash
flow, especially when there can be surprise costs such as urgent
repairs or maintenance. The additional income also gives the
owner the option to invest the extra money or reduce loan liabili-
www.propertyrentalsbrisbane.com FREE Information Guide For Landlords & Tenants
Errors & Omissions: These details have been prepared by us on information we have obtained and while we trust it to be correct, is not guaranteed by us and you should rely on your own enquiries.
Yeronga House $750 p.w.
4 bed, 3 bath, 4 car accommodation
Calendar of Events
My wife and I recently met Chris McCall at the RE/MAX office in Bardon. We were very impressed with his professional and positive attitude and decided to give him the opportunity to rent our property in Bardon. This turned out to be a good decision as due a to a very pro-active advertising plan, tenants were found and suitability assessed within 7 days. A rental agreement was signed and we are now looking forward to trouble free rental manage-ment with Chris and RE/MAX. Thanks Chris Gregory and Gaye Blake